|LEEDS, ENGLAND, November 2005 - BridgeStreet Worldwide, the leading global provider of serviced apartments to business and leisure travelers, announced plans to open a new property in Leeds, in April 2006. Residence 6, the first proposed 'six' star-style apartment property, will extend the reach of BridgeStreet Worldwide into one of the United Kingdom's fastest growth cities, with the second largest legal sector outside of London.
Residence 6 by BridgeStreet Worldwide will offer 23 luxurious apartments in a prime location in Leeds' city centre, the Old Post Office. The development enjoys a central location and is only five minutes on foot from the fashionable shops in the Victoria Quarter and close to the city's train station. Leeds is currently dubbed in the Lonely Planet guide to Britain as 'The Knightsbridge of the North.'
"Residence Six is a prestigious new development that continues to support the growth of our inventory in key UK and European cities," said Jo Layton, director of sales & marketing for BridgeStreet Worldwide. "These stylish apartments will have their own personality and reflect their location and their surroundings perfectly.
Each apartment will offer luxurious and comfortable accommodations with state-of-the-art facilities and the highest levels of personal service. Leeds will be a flagship for our portfolio of properties, and we are confident that Residence 6 will quickly become a market leader."
Extraordinary service will be a defining factor for Residence 6:
To place your reservation please call +44 (0) 20 7792 2222.
- 24-hour concierge
- Valet parking
- In-house gym with cardio-vascular equipment and weight machines
- Business centre
- Two on-site restaurants
- Extensive DVD library
- Sky TV
- Video Game console
BridgeStreet Worldwide, a subsidiary of Interstate Hotels & Resorts, is one of the world's largest corporate housing and serviced apartment providers. BridgeStreet and its network of Global Partners offer corporate apartments located in over 90 MSAs throughout the United States and internationally. BridgeStreet properties meet uncompromising standards of quality, comfort and service. For more information about the company and to learn more about how BridgeStreet is Making Corporate Housing Easy, visit www.bridgestreet.com or call +44 (0) 20 7792 2222.
This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, about BridgeStreet, a wholly owned subsidiary of Interstate Hotels & Resorts, including those statements regarding future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially, including changes in the national economy, economic conditions generally and the real estate market specifically, the threat of future terrorist attacks, governmental actions, legislative and regulatory changes, availability of debt and equity capital, interest rates, competition, supply and demand for lodging facilities in our current and proposed market areas, and the company's ability to manage integration and growth. Additional risks are discussed in Interstate Hotels & Resorts' filings with the Securities and Exchange Commission, including Interstate Hotels & Resorts annual report on Form 10-K for the year ended December 31, 2004.